$1.5 billion Frisco mixed-use project, Railhead, proposes offices and up to 1,200 housing units
A new mixed-use project proposed for Frisco would be built on a high-profile Dallas North Tollway site.
Called the Railhead, the 80-acre building tract is just south of Frisco's Wakeland High School.
Development plans for the property on the west side of the tollway show almost two dozen buildings constructed around a central park. Office buildings, a hotel and retail would occupy most of the land closest to the tollway. Show Full Story
Urban residential buildings and smaller office buildings are planned for the west side of the project, according to details provided Frisco's planning department.
Architect CallisonRTKL did the land plan.
"This development will be the third largest development coming to Frisco at this time consisting of more than 80 acres," said real estate broker Jim Newman who's representing the Railhead.. "This will be the first major development north of Main Street."
Two longtime Frisco landowners - the Newman and Wade families - are working with investors on the project.
The planned central greenspace would be twice the size of downtown Dallas' Klyde Warren Park, said Newman.
"The development has 24 percent green space, far exceeding any other development in Frisco, and has open space in excess of Frisco requirements," Newman said. "The Railhead will have over one million square feet of potential commercial property valued at $1.5 billion generating $33 million annual tax revenue."
Newman said that a 250,000 square-foot, 10-story office building is being designed at the tollway entry into the project. And a 50,000 square foot wellness center has been designed to share the parking garage featuring several tennis court on the top floor.
"The plan envisions an urban environment that will serve as a destination for Frisco residents as well as provide a walkable community for those that reside and work within the development," the Frisco zoning request says.
"The proposed development creates a collection of office, retail, restaurant, hotel, and urban living residential focused around a central open space that is intended to be a gathering place and the heart of the development."
More than 1,200 urban residential units are proposed for the Railhead project.
The Railhead development site is just north of Frisco's much touted $5 billion mile — a stretch of major developments including the Dallas Cowboys' Star complex, Frisco Station, the Gate and Wade Park.
CallisonRTKL also designed the larger Frisco Station mixed-use development.